How To Make Sense Of Health Insurance Alphabet Soup

There must be an HMO in here somewhere.i
i

There must be an HMO in here somewhere.

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There must be an HMO in here somewhere.

There must be an HMO in here somewhere.

iStockphoto

What’s in a name? When it comes to health plans sold on the individual market, these days it’s often less than people think.

The lines that distinguish HMOs, PPOs, EPOs and POS plans from one another have blurred, making it hard to know what you’re buying by name alone, assuming you’re one of the few people who know what an EPO is in the first place.

Ideally, the plan name provides a shorthand way to determine the sort of access members have to hospitals and doctors, including cost-sharing for such treatment. But since there are no industry-wide definitions of plan types and state standards vary, individual insurers often

Article source: http://www.npr.org/blogs/health/2014/08/19/341414549/how-to-make-sense-of-health-insurance-alphabet-soup?utm_medium=RSS&utm_campaign=affordablecareact

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